Ocean One Holding (HKSE:08476) Cash-to-Debt : 53.45 (As of Sep. 2023)

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What is Ocean One Holding Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Ocean One Holding's cash to debt ratio for the quarter that ended in Sep. 2023 was 53.45.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Ocean One Holding could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Ocean One Holding's Cash-to-Debt or its related term are showing as below:

HKSE:08476' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 4.98 Max: 99.71
Current: 53.45

During the past 8 years, Ocean One Holding's highest Cash to Debt Ratio was 99.71. The lowest was 0.02. And the median was 4.98.

HKSE:08476's Cash-to-Debt is ranked better than
90.24% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs HKSE:08476: 53.45

Ocean One Holding Cash-to-Debt Historical Data

The historical data trend for Ocean One Holding's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Ocean One Holding Cash-to-Debt Chart

Ocean One Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.27

3.14

14.17

56.25

36.61

Ocean One Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															99.71	N/A	36.61	N/A	53.45

Competitive Comparison of Ocean One Holding's Cash-to-Debt

For the Packaged Foods subindustry, Ocean One Holding's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ocean One Holding's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ocean One Holding's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ocean One Holding's Cash-to-Debt falls into.

Ocean One Holding Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Ocean One Holding's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	79.371	/	(1.038	+	1.13)
	=	36.61

Ocean One Holding's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	88.457	/	(1.084	+	0.571)
	=	53.45

Ocean One Holding (HKSE:08476) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Ocean One Holding Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ocean One Holding's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ocean One Holding (HKSE:08476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean One Holding Ltd (HKSE:08476) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

36-44 Pak Tin Par Street, Unit B, 5th Floor, Goodwill Industrial Building, Tsuen Wan, Hong Kong, HKG

Website

https://www.oceanoneholding.com

Ocean One Holding Ltd is a frozen seafood importer and wholesaler in Hong Kong. It offers frozen seafood products sourced from suppliers located overseas to Frozen Seafood Resellers and Frozen Seafood Catering Service Providers in Hong Kong and Macau. It offers a diverse and wide range of frozen seafood products which include prawns, scallops, oysters, and surf clams, fishes, crabs, roe, octopuses, and cuttlefishes.

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